REGISTERED NUMBER: 15411641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

GJN PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N H Davies

J H Davies

G B Davies

REGISTERED OFFICE:

48 Coleridge Crescent

Killay

Swansea

SA2 7ER

REGISTERED NUMBER:

15411641 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Tangible assets

4

-

2,743

Investments

5

110

110

Investment property

6

700,012

280,000

700,122

282,853

CURRENT ASSETS

Debtors

7

21,515

21,160

Cash at bank

46,678

6,849

68,193

28,009

CREDITORS

Amounts falling due within one year

8

26,227

22,505

NET CURRENT ASSETS

41,966

5,504

TOTAL ASSETS LESS CURRENT LIABILITIES

742,088

288,357

CREDITORS

Amounts falling due after more than one year

9

(448,900

)

-

PROVISIONS FOR LIABILITIES

(3,295

)

(3,295

)

NET ASSETS

289,893

285,062

CAPITAL AND RESERVES

Called up share capital

220

220

Retained earnings

289,673

284,842

289,893

285,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

G B Davies - Director

1.	STATUTORY INFORMATION

Gjn Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings

2 years straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

5,487

DEPRECIATION

At 1 April 2025

2,744

Charge for year

2,743

At 31 March 2026

5,487

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

2,743

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

110

NET BOOK VALUE

At 31 March 2026

110

At 31 March 2025

110

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

280,000

Additions

420,012

At 31 March 2026

700,012

NET BOOK VALUE

At 31 March 2026

700,012

At 31 March 2025

280,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

13,178

Cost

686,834

700,012

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

21,046

20,940

Other debtors

469

220

21,515

21,160

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

1,777

-

Other creditors

24,450

22,505

26,227

22,505

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

448,900

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

448,900

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

448,900

-

Included within creditors is a total amount of £448,900 (2025: £NIL) which relates to secured liabilities.

Mortgages totalling £448,900 are secured by way of a first legal charge over the company's investment properties.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2026 and the period ended 31 March 2025:

2026

2025

£

£

G B Davies

Balance outstanding at start of year

8,315

-

Amounts advanced

19,645

8,315

Amounts repaid

(19,645

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,315

8,315

J H Davies

Balance outstanding at start of year

6,470

-

Amounts advanced

18,470

6,470

Amounts repaid

(18,470

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,470

6,470

N H Davies

Balance outstanding at start of year

6,470

-

Amounts advanced

18,470

6,470

Amounts repaid

(18,470

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,470

6,470